Compared to other business functions, HR scores the lowest on process management
The HR sector in Asia has yet to achieve genuine digital transformation, found a recent study.
Compared to other business functions, HR scored the lowest in terms of processes, highlighting a need for better systems to manage organisation-wide data.
The study also revealed that key performance drivers remain people-related capabilities, such as employee data skills and organisation-wide collaboration.
Tableau Software and IDC’s Data Readiness Index found that only one in five businesses in Asia have achieved genuine digital transformation.
About 14% of businesses remain digital ‘laggards’, with a majority (66%) still in the ‘developing’ stage.
This, despite findings that leading data-ready organisations produced an average of 90% better business outcomes than laggards.
Singapore firms the most data-ready
Over in Singapore, businesses were found to be the most data-ready in the region.
About half of Singapore-based organisations were found in the ‘leading’ band on Tableau Software’s latest Asia Pacific Data Readiness Index, which was developed together with IDC.
Singapore also came up as leaders in the categories of people skills and governance. The findings suggested that businesses should leverage technology and adopt an integrated model for data governance to take their data-readiness to the next level.
“Organisations in APAC are at an inflection point of their digital transformation,” said JY Pook, senior vice president, Asia Pacific at Tableau. “While many recognise the critical role data plays in this strategy, they are struggling to become truly data-driven.
“In order to remain competitive and realise the business benefits, organisations need to adopt a holistic and tailored approach to drive data readiness in their organisation.”
Ranking of the most data-ready markets:
- South Korea
- Hong Kong